Mid-market Argos Index® Q1 2023

Argos, the independent European investment fund, and Epsilon Research, the online platform for the management of unlisted M&A transactions, have today published the Mid-market Argos Index® for the first quarter of 2023. This index, launched in 2006, tracks the valuations of unlisted eurozone SMEs in which a majority stake has been acquired during the last six months.
Argos Index® 1st Quarter 2023

The Argos Index® is down 2% at 9.7x EBITDA in Q1 2023, a limited decline although it is its lowest level since the 1st semester 2020. Multiples paid by private equity funds and strategic buyers have both decreased.
Argos Index® 2023 年第 1 四半期
Argos Index®は2023年第1四半期に2%下落し、9.7x EBITDAとなった。緩やかな下落ではあるが、2020年上半期以降最低の水準に達している。プライベートエクイティファンドとストラテジックバイヤーの支払価格のマルチプルは共に下落している。